According to forecasts of industry analysts, the price of bitcoin may exceed $ 6,000 by the end of the year, depending on whether SegWit2x will happen and, if so, how destructive it will affect the number one crypto currency.

The price of bitcoin could reach 6,000 US dollars by December The price of bitcoin grew by almost 75% in the third quarter and basically recovered from the fall in early September, which was due to China's ban on conducting ICO and the activities of crypto-exchange exchanges. On Monday, the price of bitcoin rose to 4,470 US dollars, although since then it has again fallen to $ 4259. USA.

Now that bitcoin has shown strong support at the level of $ 4,000, many analysts believe that the price will start rising to a record mark in the region of $ 5,000.

Thomas Glucksmann, Head of Business Development at APAC Gatecoin, said in an interview with CNBC that During the year, we predicted that the price of bitcoin would exceed $ 5,000 and approach $ 6,000 by the end of the year. The current mood in the market is quite consistent with this forecast.

The CEO of CryptoCompare, Charles Hayter, is not sure that bitcoin will be able to grow so much by the end of this year, but he agrees with many other analysts who believe that $ 5,000 is an achievable level. He believes that this upward trend will be supported by regulators, who are increasingly showing their positions on the crypto-currency.

The biggest price catalyst for bitcoin now is regulation. Japan breathed life into the price of this crypto currency, and the fog of uncertainty is dispersed in other jurisdictions. Regulatory clarity will lead to an increase in prices.

Everything depends on SegWit2x However, there is one major obstacle to the $ 6,000 mark - SegWit2x, which is scheduled for November. SegWit2x still remains the subject of heated debate, as despite the support from many companies, most of the key developers are against this decision.

Despite months of fierce debate, supporters and opponents of SegWit2x have not changed their positions. If one side does not concede another, or the compromise is not achieved in any other way, the network will split into two competing ones, each of which will compete for the title of this bitcoin and it is not known what short-term and long-term consequences this will have on the number one crypto currency.